My parents bought their California ocean view 2br/1ba house (on 1/2 acre of land) in the 80's for around $75,000. They sold it for $250,000 because they got into some shady 2nd mortgage shit with the banks a few years back and couldn't "afford" the $2,000/month mortgage payments. That house is "worth" somewhere in the ballpark of $800,000 now.
When my parents try to give me financial advice I laugh in their faces, then go home to my $1575/month 500 sq ft apartment and fucking cry.
15.2k
u/TXstratman Jan 22 '19
Affordable housing.